SEC Form 4 · accession 0001225208-16-033347
UNITED PARCEL SERVICE INC · UPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Norman M. Brothers Jr.
Officer — Sr VP, Gen Counsel & Sec
Period of report
May 13, 2016
Accepted (ET)
May 16, 2016 · 4:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001090727
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | May 13, 2016 | M | 307 | $103.11 | A | 14,939 | D | |
| Class A Common StockF1 | May 13, 2016 | F | 103 | $103.11 | D | 14,836 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Performance UnitsF2,F3,F4 | — | May 13, 2016 | M | 307 | D | — | May 4, 2016 | Class A Common Stock | 307 | 0 | D |
Explanation of responses
- F1Includes 24.9810 shares acquired in the Reporting Person's 401(k) account between March 12, 2016 and May 13, 2016.
- F2Represents Restricted Performance Units (RPUs) granted as Long-term Incentive Plan Unit Awards under the United Parcel Service, Inc. Incentive Compensation Plan. Each RPU represents a right to receive one share of class A common stock.
- F3RPUs were granted on May 4, 2011 and vest at the rate of 20% annually beginning on May 4th of each year during the vesting period. Securities were converted into shares of class A common stock and distributed to the Reporting Person on May 13, 2016.
- F4Includes 8.9079 Dividend Equivalent Units acquired in the Long-Term Incentive Plan account between May 16, 2015 and May 13, 2016.